What factors are considered in determining whether an expense is a deductible travel expense?
What will be an ideal response?
Factors to consider include:
1. Whether the individual is away from his tax home for a temporary period, usually less than one year, and whether it is practical to return to the tax home each day.
2. Whether the individual maintains a family residence at a location that requires lengthy travel to the place of employment. In such a case, the individual is not away from his tax home.
3. Whether living expenses are duplicated due to a change in work assignment.
4. Whether the individual continually moves his residence to the same location as the job assignment.
5. Whether or not the travel is related to trade or business.
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The Colorful Paint Company got a mortgage from the bank to purchase a factory in which it could make paint. As part of its manufacturing process, Colorful Paint dumped the excess paint into a pit behind the building. This practice contaminated the property. If the bank foreclosed on the factory, would the bank be liable for cleanup costs of the contaminated land?
A. Yes, because it owns the property. B. No, because it was an innocent landowner. C. No, because it did not contaminate the property. D. No, because it was a secured creditor.
If Camille decided she wanted to open a Starbucks store overseas, she would be using the market-entry strategy known as ________.
Fill in the blank(s) with the appropriate word(s).
The umbrella term that refers to the marketing of goods or services using digital mediums, such as e-mail, websites, search engines, and social media platforms is
A. search marketing. B. social media. C. digital marketing. D. techno-marketing. E. branded content.
The control chart used to monitor countable occurrences uses ______.
a. a continuous scale b. a discrete scale c. a binary scale d. a random scale